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- Technology provider Nxt-ID Inc. said its planned spinoff of its payment assets into an independent, publicly traded company has been delayed until the first quarter of 2019 owing to the company’s inability to come to terms with its primary lender, which holds security interests in the assets targeted for the spinoff. The company announced the spinoff in September and expected to complete it by Nov. 15. The new company is expected to be called PartX Inc. and will include the payment, authentication, and credential-management assets of Nxt-ID and Fit Pay Inc. Nxt-ID’s health-care unit, LogicMark LLC, will remain with the company.
- Payments provider PayJunction announced an integration with RetailOps, developer of a retail-operations software-as-a-service platform.
- Square Inc. said Square Appointments, a service that enables consumers to reserve time with a merchant, has integrations with Instagram and Reserve with Google, which enables users to create and manage appointments directly from their Google searches.
- OneWest Bank, a division of CIT Bank N.A., introduced card controls for its debit cardholders when using the OneWest iOS or Android app.
- ATM deployer Paramount Management Group said it acquired CKE ATM Solutions.
- The Secure Technology Alliance said the Marriott data breach involving personal and financial details for 500 million guests should be viewed as a watershed moment highlighting the need for stronger identity-proofing procedures and better authentication practices
- More than a third of travelers in the United States, Britain, China, France, and Germany say they are dissatisfied about the choice of payment available online when booking vacations, according to a survey of 7,400 consumers by YouGov and payments-technology vendor ACI Worldwide.
- Payrailz, a provider of payments technology for financial institutions, promoted Horng Tern to chief technology officer, replacing co-founder Paul Franko, who is assuming the role of chief operating officer.
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